Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4025 Delridge Way SW Seattle, WA 98106

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19,078 /Mo ($35 SF/Yr)

    Office space for rent with amenities and convenient location.

    Property size:
    6,541 SF
    Lot size:
    6,541 SF

    Property Features for 4025 Delridge Way SW

    General Information

    Standard status
    Active
    Size
    6,541 SF

    Building Details

    Year built
    1991

    We can help!

    Listing Contact
    Mike George
    Source: Corcoran

    Listing Agency: NAI PUGET SOUND PROPERTIES Listing Agent: Mike George

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space with Puget Sound Views

    This commercial real estate offers approximately 120,000 square feet of office space spread across 5 floors, with flexible suite sizes available. Onsite amenities include conference facilities, a gym, showers, and bike lockers. The property provides plentiful free parking, as well as reserved covered parking options. It is conveniently located within reach of Seattle, Bellevue, and the Kent Valley. Access to local restaurants and stores is available in less than 5 minutes. The location is a short walk to Alki Trail and neighborhood parks. The property is adjacent to the future light rail station. It offers views of downtown Seattle and the Puget Sound. One unit offers 6,541 square feet.
    Location Intelligence

    Current Use by Public Records

    NWPS Financial Advisor Arcade Wayfinding Construction Company Cap Food Services ... Food Processing Plant C.H. Robinson Logistics Company Larson Financial Group, ... Financial Advisor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3641922
    Latitude
    47.5678734

    Nearby Similar for Lease

    • Contact for pricing

      Seattle City

      Discover many ways to work your way in Seattle City
      1420 5Th Ave, Seattle, WA 98101
      View Details
    • Sponsored
      Contact for pricing

      Columbia Center

      Discover many ways to work your way in Columbia Center
      701 5Th Ave, Seattle, WA 98104
      View Details
    • Contact for pricing

      Smith Tower

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      506 2Nd Ave, Seattle, WA 98104
      View Details
    • Contact for pricing

      Plaza 600

      All-inclusive access to workspace, virtual office and meeting rooms in One Lincoln center
      600 Stewart St, Seattle, WA 98101
      View Details
    • Contact for pricing

      Spaces Pioneer Square

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      450 Alaskan Way, Seattle, WA 98104
      View Details
    • Contact for pricing

      Spaces 2 AND U

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      1201 2Nd Ave, Seattle, WA 98101
      View Details
    • Contact for pricing

      WA, Seattle - Gem Plaza

      Workspaces, services and support to help you work better in Shelton
      221 1St Ave, Seattle, WA 98119
      View Details
    • Contact for pricing

      WA, Seattle - 5th Ave NE

      Discover many ways to work your way in Highland Pointe
      10202 5Th Ave, Seattle, WA 98125
      View Details
    • Contact for pricing

      WA, Seattle - 2nd Ave

      Workspaces, services and support to help you work better in Downtown Alamo Corporate Center
      2815 Seattle St, Seattle, WA 98121
      View Details
    • Contact for pricing

      WA, Seattle- 1601 5th Avenue

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      1601 5Th Ave, Seattle, WA 98101
      View Details
    • $8,040 /Mo
      6,991 SF

      Warehouse/Office/Flex Space Available

      5,383 SF warehouse/office/flex space for rent. SODO location.
      624 Lander St, Seattle, WA 98134
      View Details
    • $1,545 /Mo
      1,030 SF

      Creative Office Space Available Now

      Creative office space available for rent, suites can be combined.
      915 Pine St, Seattle, WA 98122
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with amenities and convenient location.
    Where is this office units located?
    The property is located at 4025 Delridge Way SW Seattle, WA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Adjacent to future light rail station.; - Stunning views of downtown Seattle and the Puget Sound.; - Plentiful free parking and reserved covered parking.
    (425) 586-5618
    Request Owner's contact information
    4025 Delridge Way SW Seattle, WA 98106
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4025 Delridge Way SW
    Seattle, WA 98106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4025 Delridge Way SW Seattle, WA 98106
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mike George
    (425) 586-5618 (425) 586-5600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!